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between budget cuts and health outcomes. Health spending and inputs were very high in Greece before the crisis: in several …
Persistent link: https://www.econbiz.de/10012912530
As of August 2015, Greece's loan repayments due to external creditors through 2057 summed to €319.5 billion, requiring … sufficient to increase Greece's primary balance by one percent of 2014 GDP – roughly a quarter of Greece's total debt obligations … overestimate the amount of actual revenue that Greece would raise due to the endogenous adjustment of capital and labor. Meeting …
Persistent link: https://www.econbiz.de/10013012694
We estimate the effect of information and expertise on consumers' willingness to pay for national brands in physically homogeneous product categories. In a detailed case study of headache remedies we find that more informed or expert consumers are less likely to pay extra to buy national brands,...
Persistent link: https://www.econbiz.de/10013050309
We investigate the stochastic relation between income and consumption (specifically, consumption of food) within a panel of about 2,000 households. Our major findings are: 1. Consumption responds much more strongly to permanent than to transitory movements of income. 2. The response to...
Persistent link: https://www.econbiz.de/10013313805
The permanent income hypothesis is tested on a four-quarter panel of about two thousand Japanese households for ten commodity groups. Consumption is a distributed lag function of expenditures, and the utility function is additively separable in time. Durability is defined as the persistence of...
Persistent link: https://www.econbiz.de/10013218128
In many fields researchers wish to consider statistical models that allow for more complex relationships than can be inferred using only cross-sectional data. Panel or longitudinal data where the same units are observed repeatedly at different points in time can often provide the richer data...
Persistent link: https://www.econbiz.de/10013246678
We use responses to a survey and experiment with participants in Mexico's privatized social security system to examine how financial literacy impacts workers' choice behavior and how simplifying information on management fees may increase measures of price elasticity sensitivity among the...
Persistent link: https://www.econbiz.de/10012758108
In the late 1990s, several large Japanese banks failed for the first time in its postwar history. As the financial environment was deteriorating further, several remaining banks decided to merge among themselves, presumably, to make their operations more efficient to avoid failures. This paper...
Persistent link: https://www.econbiz.de/10012758112
20 years, analyzing its impact on consumers' welfare, the monopoly's profitability and its productivity. Though the …
Persistent link: https://www.econbiz.de/10012760613
acquisition target based on its productivity level, profitability and other characteristics and whether the performance of … acquisitions improved target firms%u2019 productivity and profitability significantly more and quicker than acquisitions by … domestic firms.Moreover, we find that there is no positive impact on target firms%u2019 profitability in the case of both …
Persistent link: https://www.econbiz.de/10012760742